Tuesday, December 27, 2011

nytimes: Lawsuit May Determine Who Owns a Twitter Account http://t.co/tMkGQgfA

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Lawsuit May Determine Who Owns a Twitter Account nyti.ms/tN2yic nytimes

The New York Times

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Source: http://twitter.com/nytimes/statuses/151092164460417024

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Monday, December 26, 2011

President Ali Saleh: A Yemenie War Criminal in Obama's Court

"Obama should retain some honor and dignity for himself and his country by refusing to allow Yemen?s terrorist, President Ali Abdullah Saleh, to enter this nation....Rather he should refer him to the International Criminal Court for prosecution of his war crimes. But that would mean America truly believes in the sanctity of life, human rights, and justice; virtues belied by its addiction to war and oil."

"Liberty, Oh Liberty, what crimes are committed in thy name."

-- Madame Roland, French Revolution, on her way to the Guillotine
?

Much like Gandhi?s Salt March in India in 1930 the ?March of Life? in Yemen began in the besieged bombed southern city of Taiz with tens of thousands of men, women, and children, walking for five days to the northern capitol city of Sana to protest the illegal immunity given the blood and money thirsty tyrant, President Ali Abdullah Saleh by the U.S.?Saudi Plan.

The plan calls for a transfer of power from Saleh to his vice president while he remains in power for three months. Yemen?s population wholeheartedly rejects this appeasing plan. Saleh is a chronic liar who has never lived up to any promise or agreement he?s ever made or signed, much life all of Israel?s prime ministers.

Upon arriving in Sana the peaceful March of Life became the ?March of Death?, when the exhausted protesters were met by the murderous Republican Guard led by Saleh?s son, who opened fire on the protesters killing at least 13 and wounding scores of civilians.

In keeping with America?s blind support of Arab dictators, the Jewish American Ambassador to Yemen, Gerald Felerstein, held a press conference at the U.S. Embassy (even prior to the arrival of the March to the capitol Sana) arrogantly and obnoxiously warning that this March ?is aimed to cause chaos and violence?it seems to have the intention not to carry out a peaceful march?and will provoke a violent response by the security forces?

These shocking remarks earned the Ambassador and the U.S. the scorn and hatred of the Yemenie population who?ve always known that Saleh is an American mole and puppet.

Like Saleh, President Obama, the Sultan of Drone massacres in the Arab and Muslim world. has betrayed his every promise as well as having shred the American Constitution, the Bill of Rights, and the civil liberties of the American people.

He has shown the world that he is a spineless leader who if opposed immediately caves in. A man apparently suffering from an inferiority complex to those in power whether in Corporate America, Congress, the extreme right wing of the Republican Party, special interests, the media; and most especially to Israel that slapped him back into kosher coherence and submissiveness more so than any previous American President.

As a coddler of murderous Arab tyrants he?s been late and conflicted to act courageously and forcefully to support the Arab Spring that seeks freedom from tyranny and free democratic governments.

In an inexplicable slap to American interests in Yemen, Obama has stupidly invited Saleh to come to the U.S. under the pretense of medical treatment; making the U.S. a state that harbors terrorists turning the Bush Doctrine of attacking States that harbor terrorists on its head.

What on earth would prompt Obama to harbor and coddle this terrorist and allow him entry into the United States?

The answer my friend is the alleged ?war on terror? that has justified America?s wars and total support of dictators. As long as these tyrants purportedly are fighting a real or imagined anti-American ?terror? group, they are free to annihilate their people while keeping their rule and stolen treasures under American protection.

If you kill ?them?, you are a U.S. ally, thereby entitled to billions of tax dollars, weapons, international protection, and be hailed as a freedom fighter.

To America, Saleh?s value lies in his alleged fight against ?Al Qaeda.?.

Hilary Clinton became the first U.S. Secretary of State to visit Yemen in early January 2011, just two weeks prior to the uprising. She outlined the reason behind America?s support for Saleh the murderer.

She said:

?We face a common threat posed by the terrorists and al-Qaeda? I want to be frank about the fact that there are terrorists operating from Yemen?s territory today?stopping these threats would be a priority for any nation, and it is a priority for us.?

Hence, the lives of billions of civilians on this planet are simply collateral damage to western imperialistic thirst and greed for natural resources found under the feet of the dark people, no more so than the oil beneath Arab feet.

America thinks with its guns; not its mind, and certainly not its heart.

Obama should retain some honor and dignity for himself and his country by refusing to allow Yemen?s terrorist, President Ali Abdullah Saleh, to enter this nation.

Rather he should refer him to the International Criminal Court for prosecution of his war crimes. But that would mean America truly believes in the sanctity of life, human rights, and justice; virtues belied by its addiction to war and oil.

American can ill afford to lose the Arab and Muslim world due to its blind adoption of Israel?s policies of constant war and ethnic cleansing of the Palestinians as well as its support of Arab dictators.

Past and future American Presidents in their stupefying short term foreign policy in the Arab/Muslim world will make the prophecy of a ?Clash of Civilizations? a reality; and such a conflict can only lead to the demise of the American-Israeli-European imperial hegemony.

President Obama, for the sake of your legacy, America?s national interests, American values of freedom and justice, you must reject Saleh?s entry into this country. He deserves prison not a suite in a New York City Hotel.

Source: http://world.mediamonitors.net/Headlines/President-Ali-Saleh-A-Yemenie-War-Criminal-in-Obama-s-Court

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Saturday, December 24, 2011

Toyota aims to sell 8.48 million vehicles in 2012 (AP)

TOKYO ? Toyota is aiming for a comeback, targeting record global sales of 8.48 million vehicles in 2012 and an even bigger number in 2013, after being battered this year by the March disaster in Japan and flooding in Thailand.

Toyota Motor Corp., Japan's top automaker, relinquished its title as the world's biggest in global vehicle sales for the first half of this year, sinking to No. 3 behind U.S. rival General Motors Co. and Volkswagen AG of Germany.

Toyota's global vehicle sales for this year totaled 7.9 million vehicles, including group companies, down 6 percent from the previous year, it said in a statement Thursday.

General Motors Co. spokesman Jim Cain said it will release its full-year global sales totals in January.

The Detroit-based automaker had been at the top for more than seven decades until Toyota took the crown in 2008.

After the first three quarters, GM sold 6.788 million vehicles worldwide, according to its filings with the U.S. Securities and Exchange Commission. If fourth-quarter results are consistent with prior months, it will sell just more than 9 million vehicles in 2011. Last year, GM sold 8.39 million vehicles around the world.

Volkswagen also has not released its 2011 tally but said earlier this month it delivered 7.51 million vehicles globally during the January-November period.

Toyota's targets for 2012 and 2013 do not include group companies such as Daihatsu Motor Co. and Hino Motors, and so aren't directly comparable with numbers from GM and Volkswagen.

Toyota said its sales target for calendar 2012 is based on achieving 20 percent growth from its global sales this year and would be a record high for the company, underlining its turnaround ambitions.

The automaker's current sales record of 8.43 million vehicles was attained in 2007.

"It won't be a surprise to me if Toyota reaches a new record in global sales," said Mamoru Katou, auto analyst at Tokai Tokyo Research. Hybrids remain popular in Japan, the Camry sedan is doing well in the U.S. and demand is robust in emerging markets, he said.

Toyota has been making up for sales declines in North America and Japan with momentum in relatively new but booming markets such as China and India.

The manufacturer of the Prius hybrid and Lexus luxury models said it plans to sell 8.95 million vehicles around the world in 2013, not including group companies.

Toyota said it had not yet figured out forecasts for the group companies. It is possible the target might exceed 9 million vehicles, had they been included.

Targeted overseas sales of 6.95 million vehicles this year, up 19 percent year-on-year, would also be a new record for Toyota, if attained.

Toyota acknowledged many uncertainties, which could push the numbers in either direction. One possible plus is the extension of Japanese government incentives for green vehicles, according to Toyota.

Toyota, with its strong hybrid lineup, has been a major beneficiary of such incentives.

Still, Toyota has gone through some hard times lately.

The global financial crisis in 2008 was behind a serious sales plunge in the key North American market.

Then came massive recalls, mostly in the U.S., that tarnished Toyota's once pristine reputation for quality amid speculation it had not been as forthright as it should have been about defects.

Toyota was on a gradual recovery track when the March 11 earthquake and tsunami struck in northeastern Japan, damaging suppliers and disrupting production because of a severe parts shortage.

Production got slammed again later in the year, although on a smaller scale, from flooding in Thailand.

Toyota also said it expects to produce 8.65 million vehicles next year, up 24 percent from 6.97 million this year. It expects to produce 8.98 million vehicles in 2013, it said. Those numbers do not include group companies.

Michael Robinet, managing director of IHS Automotive Consultants in Northville, Michigan, said a global sales lead doesn't matter as much as how much money the company makes per vehicle, its model portfolio and overall profit.

A difference of several tens of thousands of vehicles is not significant for automakers that sell millions of vehicles like Toyota and GM, he said.

"It doesn't matter all that much when you're already in the 9 million to 10 million unit range," Robinet said.

___

AP Auto Writer Tom Krisher contributed from Detroit.

___

Follow Yuri Kageyama on Twitter at http://twitter.com/yurikageyama

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111222/ap_on_bi_ge/as_japan_toyota

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Nat Gas ETF: 2012 Energy Comeback Play

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK (ETF Expert) -- Economically sensitive sectors, like energy, failed to generate investor enthusiasm in 2011. Fears of a mammoth depression in Europe, as well as a slowdown in China, hampered share prices of mainstays from Anadarko Petroleum (APC) to Southwestern Energy (SWN). Looking forward, however, there may be reasons to cheer. China has shifted from restrictive fiscal and monetary policies to more accommodative ones. U.S. economic data continue to show modest improvement. Also, European leaders will -- one way or another -- find themselves taking monumental steps to stabilize the region's financial system. These things alone should be enough to boost the prices of undervalued energy corporations. Yet now, there may be a reason to overweight companies that derive a substantial portion of revenues from the exploration, production and exporting of natural gas. In the coming weeks, U.S. officials are set to determine the extent to which American energy firms can export the commodity. Suppliers like Conoco Phillips (COP) are chomping at the bit to profit from markets like Asia, where natural gas prices are 3 to 4 times the price here in the U.S. Can you say: "profit motive!" On the flip side, government regulators worry that natural gas prices might rise precipitously if American energy companies ship away an abundant domestic supply. Of course, most studies (and outcomes) demonstrate that the free market does a better job determining fair market value than intrusive regulatory bodies. Assuming U.S-based energy firms get the green light to export natural gas, one could expect an enormous boost in corporate profits. By extension, when earnings matter to the stock market again, one might want to invest in natural gas producers. Rather than attempt to pick the "nat gas" winner, keep an eye on First Trust ISE Revere Natural Gas (FCG). This fund tracks an equal-weighted index of attractively priced, exchange-listed natural gas producers, including Conoco Phillips, Exxon Mobil (XOM) and Cabot Oil & Gas (COG). The fundamental picture for First Trust ISE Revere Natural Gas, like many equity funds, is exceptional. Whether one is looking at price-to-sales of 1.6, or P/E of 12.5, it's clear that FCG is attractively priced. On the other hand, this exchange-traded stock fund has yet to break through technical resistance levels. At the very least, one would want to see FCG rise above a 50-day moving average. For longer-term confirmation of a bull market uptrend, the current price of FCG would need to eclipse its 200-day trend line. >To order reprints of this article, click here: Reprints

Source: http://www.thestreet.com/story/11356183/1/nat-gas-etf-2012-energy-comeback-play.html?puc=_breitbart&cm_ven=BREITBART&cm_cat=Free&cm_pla=Feed&cm_ite=Feed&puc=breitbart&

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Friday, December 23, 2011

Shell oil spill off Nigeria likely worst in decade

LAGOS, Nigeria (AP) ? An oil spill near the coast of Nigeria is likely the worst to hit those waters in a decade, a government official said Thursday, as slicks from the Royal Dutch Shell PLC spill approached the country?s southern shoreline.

The slick from Shell?s Bonga field has affected 115 miles (185 kilometers) of ocean near Nigeria?s coast, Peter Idabor, who leads the National Oil Spill Detection and Response Agency, told The Associated Press. Idabor said the slick continued to move toward the shore Thursday night, putting at risk birds, fish and other wildlife in the area.

Shell, the major oil producer in Nigeria, said Wednesday the spill likely occurred as workers tried to offload oil onto a waiting tanker. The company published photographs of the spill, showing a telltale rainbow sheen in the ocean, but said it believes that about 50 percent of the leaked oil has already evaporated.

The source of the leak has been plugged and experts from Britain were coming to help with the cleanup, Idabor said. Nigerian Navy ships also had been sent into the area to help control the spill, he said.

Shell estimates the Bonga spill likely was less than 40,000 barrels, or 1.68 million gallons. That?s about the same amount of oil spilled offshore in 1998 at a Mobil field. The 1998 spill saw oil slicks extended for more than 100 miles (some 160 kilometers) to Lagos, the country?s commercial capital.

?Since the Mobil spill, this is just about the most major one,? Idabor said.

Nigerian authorities hope to use oil booms and chemicals to disperse or collect the spilled oil, Idabor said. In a statement, Shell said its Nigerian subsidiary already had sent ships out to the slick to use dispersant on the oil sheen. The company also said it would use infrared equipment to trace places where the sheen is the thickest.

However, the size of the spill may be even larger. SkyTruth, a nonprofit group based in West Virginia that uses satellite imagery to detect environmental problems, estimated the oil spill might stretch across roughly 350 square miles (920 square kilometers) of ocean ? three times what Nigerian authorities believe.

?The spill could be near the upper limit of what Shell has stated,? John Amos, SkyTruth?s founder and president, told the AP on Thursday. However, he said he needed more information to determine the spill?s true scope.

Bonga sits about 75 miles (120 kilometers) off Nigeria?s coast. It can produce about 200,000 barrels of oil and 150 million cubic feet of gas a day, according to Shell?s Nigerian subsidiary. Production at the field, which Shell operates in partnership with Italy?s Eni SpA, Exxon Mobil Corp., France?s Total SA and the state-run Nigerian National Petroleum Corp., has been halted since the discovery of the spill.

Environmentalists blame Shell and other foreign oil firms for polluting the country?s oil-rich Niger Delta. Some environmentalists say as much as 550 million gallons of oil poured into the delta during Shell?s roughly 50 years of production in Nigeria ? a rate roughly comparable to one Exxon Valdez disaster per year. An estimated 11 million gallons was released during the 1989 Exxon Valdez spill in Alaska.

Shell in recent years has said most of the spills in the delta are caused by militant attacks or thieves tapping into pipelines to steal crude oil, which ends up sold into the black market or cooked into a crude diesel or kerosene. Company statistics kept by Shell show spills have dropped as militant attacks in the region subsided, though this single spill at Bonga roughly doubles the amount of oil spilled by Shell this year.

Apparently predicting interest in the spill would grow, Shell already had taken out Internet advertising Thursday on search engines, directing those searching for the spill to their website. Jonathan French, a Shell spokesman in London, said the advertising came in the ?interests of full transparency? so people can read the company?s updates on the spill.

Nigeria, an OPEC member nation producing about 2.4 million barrels of crude oil a day, is a top supplier to the U.S.

___

Online:

Royal Dutch Shell PLC: http://www.shell.com

Shell?s Nigeria spill website: http://bit.ly/rqfnxi

SkyTruth: http://skytruth.org/

___

Jon Gambrell can be reached at www.twitter.com/jongambrellAP.

Source: http://rssbroadcast.com/?p=109966

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Mitt and Chuck (TIME)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/177329123?client_source=feed&format=rss

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Thursday, December 22, 2011

W.Va. enters holidays with lower gas prices (AP)

CHARLESTON, W.Va. ? Gas prices in the West Virginia are down 3 cents compared to last week.

According to AAA's Fuel Gauge, the average per-gallon price for self-serve unleaded gasoline is $3.29, compared to $3.32 last week. But holiday travelers will still pay more than they did last year, when the average price was about $3.07

Average gas prices in the state range from $3.43 in Morgantown to $3.17 in Bridgeport. The national average price is $3.21.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111221/ap_on_bi_ge/us_gas_prices_west_virginia

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Sunday, December 18, 2011

Gingrich: I'm trying not to appear 'zany' (AP)

SIOUX CITY, Iowa ? Newt Gingrich says he's trying to edit himself so he doesn't come across as "zany."

Gingrich's remarks at the Republican debate Thursday night were aimed at rival Mitt Romney, who in an interview on Wednesday used the word "zany" to describe the former House speaker.

Gingrich smiled when he was asked a question about how he would counsel Republicans on the political controversy over construction of a new pipeline from Canada to the Gulf of Mexico.

Gingrich said that at times he is accused of using language that is too strong and so he was "editing" himself. He then quipped that he's very concerned about not appearing to be "zany."

Romney has stepped up attacks on Gingrich's temperament as Gingrich has vaulted to the top of the GOP field.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20111216/ap_on_el_pr/us_gop_debate_gingrich_zany

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Saturday, December 17, 2011

Romney criticized for remark about Medicaid (The Arizona Republic)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/175641818?client_source=feed&format=rss

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The Price For ReadWriteWeb Was Around $5 Million

rwwTech blog ReadWriteWeb was acquired today by SAY Media, as was previously reported. I've found out a few more details. The price SAY paid out was under $5 million, after the assumption of ReadWriteWeb's liabilities, according to a source privy to the details. The company's liabilities weren't huge, so the total acquisition price was somewhere around $5 million. Staff are being asked to sign new contracts with SAY Media today, with contracts going through March, 2012. And a redesign will probably roll out sometime in the first quarter.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/PdQrVZJ8GlQ/

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Friday, December 16, 2011

Michigan Unemployment Rate Falls To 9.8%, Detroit Metro Area Still 11.2% Jobless

According to data released Wednesday by the Michigan Department of Technology, Management & Budget (DTMB), the state's seasonally-adjusted unemployment rate in November was 9.8 percent. That's down from 10.6 percent in October.

That's the lowest unemployment rate for the state in three years.

The Detroit-Warren-Livonia Metropolitan Statistical Area's (MSA) jobless rate in remained high last month at 11.2 percent, but was almost a full percentage point drop from October.

The declines in unemployment match the overall trend nationwide. In November, the national jobless rate fell below 9 percent.

Some 9,000 more people were employed in the Detroit metro area last month, but the workforce also declined by 11,000 people. The number of people in the workforce has declined nearly 2 percent since this time last year.

Statewide, the number of jobs has increased by only 0.4 percent this year. Government jobs have been the biggest losers, shedding nearly 11,000 since January. According to DTMB, "The vast majority of the over-the-year job reductions in government were recorded at the local level."

In Detroit, officials grappling with the city's fiscal crisis have proposed cutting even more jobs. As many as 2,300 city workers would get the axe under a plan proposed by some City Council members. Mayor Bing has called for the elimination of 1,000 city jobs.

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Source: http://www.huffingtonpost.com/2011/12/14/michigan-unemployment-rat_n_1149128.html

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Another Palestinian mosque torched in West Bank (AP)

RAMALLAH, West Bank ? Palestinians and the Israeli military say another mosque has been torched in the West Bank and defaced by Hebrew graffiti.

The governor of Ramallah, Laila Ghanam, says the mosque in the nearby village of Burqa was doused with gasoline and set afire on Thursday.

The Israeli military says carpets and chairs were burned.

Suspicion fell on Jewish extremists suspected in multiple acts of violence against Palestinians and the military.

The violence is retaliation for Israeli government operations against Jewish settlements.

Early Thursday, Israeli security forces demolished two unauthorized structures in an unauthorized Jewish settlement outpost.

Source: http://us.rd.yahoo.com/dailynews/rss/mideast/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_re_mi_ea/ml_israel_palestinians

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Wednesday, December 7, 2011

FAMU student leaders call for an end to hazing (AP)

TALLAHASSEE, Fla. ? Florida A&M President James Ammons said Monday the university is committed to breaking a conspiracy of silence that has for decades shrouded hazing practices at the school and finally resulted in a band member's death.

Ammons addressed an estimated 2,000 FAMU students Monday night and then took several questions, many of which were about the media coverage that most in the audience felt portrayed the school in a bad light.

"We are going to eliminate this pattern of destructive behavior from our campus," Ammons said. "This code of silence hampers our ability to root out these insidious activities."

Petitions were sent through the audience from student government leaders seeking signatures from students to pledge to stop hazing at the school.

Robert Champion, a drum major in the school's famed band, the "Marching 100," died in Orlando. It came hours after performing at the annual Florida Classic football game between the Rattlers and rival Bethune-Cookman.

Champion, 26, was found unresponsive on Nov. 19 on a bus parked outside a hotel after the game after he had been seen vomiting. Police have not been specific, but said they believe hazing played a part in his death.

It also started a criminal investigation into whether FAMU officials have ignored past warnings about hazing.

"It's just not right, but it probably took this for it to stop," said Fredrick Mixon, a 21-year-old fourth-year health service major from Avon Park. "It's an embarrassment to the university, not only to the Marching 100. It's shameful."

Ammons repeatedly asked students to keep Champion and his family in their hearts and as the rallying cry to finally stamp out a hazing tradition that has haunted FAMU for the past 20 years.

"We're going to have to unify around the legacy of Robert Champion," Ammons said. "And to institute a complete culture change here at FAMU."

Champion's death is being investigated by the Orange County Sheriff's Office and Florida Department of Law Enforcement. Until it is completed, the showy high-stepping, high-energy band is suspended from performing.

Ammons also fired longtime band director Julian White and expelled four band members suspected to be involved in hazing.

"This is one of the most challenging times that the university has had," he said. "This university community is committed to making this right and doing away once and for all with hazing."

The Marching 100's rich history includes performing at several Super Bowls and representing the U.S. in Paris at the 200th anniversary of the French Revolution.

There have been no formal discussions about when, or even if, the band will resume its activities during the remainder of this school year.

"Out of respect for Robert Champion and his family, I just don't think they should be performing," Ammons said.

More than 100 band members dressed in bright orange T-shirts with "100" on the front, sat together in the crowd.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20111206/ap_on_sp_ot/us_famu_student_dead

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Monday, December 5, 2011

Saudi report claims women at wheel will have sex (AP)

RIYADH, Saudi Arabia ? A Saudi rights activist says a report given to a high-level advisory group claims that women in the kingdom will have options for premarital sex if allowed to drive.

The ultraconservative stance suggests increasing pressure on King Abdullah to retain the kingdom's male-only driving rules.

Rights activist Waleed Abu Alkhair said Saturday that the document by a well-known academic was sent to the all-male Shura Council, which advises the monarchy. The report by Kamal Subhi claims that allowing women to drive will threaten the country's traditions of virgin brides, he said.

Saudi women have staged several protests defying the driving ban. The king has already promised some reforms, including allowing women to vote in municipal elections in 2015.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20111203/ap_on_re_mi_ea/ml_saudi_women_driving

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Photo of the day: Laid back in the Bahamas

Jim Walker/UGC

Flats off the Berry Islands, Bahamas

Get started on your daydreaming with this photo of the Berry Islands in the Bahamas submitted by reader Jim Walker.

Do you like to take photos while traveling? Join our It's A Snap Facebook community by clicking here, and share your photos with others.

You can also submit your photos for a chance to be featured in our weekly It's A Snap gallery by clicking here. While you're there, vote on your favorite pic!

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Source: http://todaytravel.today.msnbc.msn.com/_news/2011/12/02/9167972-travel-photo-of-the-day-laid-back-in-the-bahamas

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Sunday, December 4, 2011

Congress bickers toward year-end compromise (AP)

WASHINGTON ? Republicans and Democrats bickered and blustered Thursday toward eventual compromise legislation extending expiring Social Security payroll tax cuts and long-term jobless benefits through 2012, each seeking political advantage for elections almost a year distant.

The White House weighed in with a written statement opposing the GOP approach, which presidential press secretary Jay Carney said includes "window dressing" hung by Republicans seeking to cut costs by freezing federal workers' pay through 2015 and reducing the government bureaucracy.

By contrast, President Barack Obama and most Democrats in Congress want to extend and expand the payroll tax cut and pay for it by slapping a 3.25 percent surtax on incomes of $1 million or more.

Senate Majority Leader Harry Reid said Republican opponents "insist on helping the very wealthy while turning their back on the middle class," while another member of the leadership, Sen. Richard Durbin of Illinois, said they "put up a transparent fig leaf" that would kill jobs rather than create them.

In remarks on the Senate floor, the Senate Republican leader, Mitch McConnell of Kentucky, said the issue reflected poorly on both Obama and his allies in Congress.

"There's no reason folks should suffer even more than they already are from the president's failure to turn this jobs crisis around," he said. "But there's also no reason we should pay for that relief by raising taxes on the very employers we're counting on to help jolt this economy back to life."

That left both parties seeking the political high ground ? Democrats accusing Republicans of siding with the rich, and Republicans countering that Democrats were taxing small business owners who create jobs ? in advance of a pair of Senate test votes expected late Thursday or Friday morning.

Neither of two rival measures was expected to gain the 60 votes necessary for passage, a double-barreled rejection likely to clear the way for talks on a compromise.

Across the Capitol, House Republicans readied legislation of their own that aides said likely would include the tax cut extension as well as renewed benefits for long-term victims of the worst recession in decades and a painfully slow recovery.

House Speaker John Boehner, R-Ohio, made clear that all costs must be paid for, and said higher taxes were a non-starter.

"Republicans are ready to work with the president and the Democrats to extend the payroll tax cut and unemployment insurance temporarily, but they must be offset with spending cuts elsewhere," he said.

There were other issues under negotiation as lawmakers looked toward the end of a highly partisan year, the first in a new era of divided government.

Boehner said lawmakers were discussing a bill to avoid a scheduled 27 percent cut on Jan. 1 in reimbursement rates for doctors treating Medicare patients.

The two parties also looked for agreement on a measure to fund the government through the Sept. 30 end of the budget year.

Boehner added that he likely would try to include some of the 20 House-passed bills that are part of a GOP jobs package in one of the year-end wrap-up bills. Most of the measures would block federal regulations on various industries, and are stalled in the Senate.

With unemployment hovering around 9 percent nationally, Obama urged Congress in September to renew and expand the Social Security payroll tax cut for workers that he signed a year ago, and called as well for an extension of benefits that can cover up to 99 weeks for the long-term jobless.

State unemployment insurance programs guarantees coverage for six months, but as in previous downturns, Congress approved additional benefits in 2008. Expiration of those payments would mean an average loss of $296 in weekly income for 1.8 million households in January, and a total of 6 million throughout 2012.

On the tax cut extension, Republicans prefer a simple one-year continuation of the existing law, jettisoning Obama's call to deepen the cut while expanding it to cover an employer's portion of payroll taxes.

To pay for the measure, Senate Republicans proposed freezing federal workers' pay through 2015 ? extending a two-year-freeze recommended by Obama ? and reducing the bureaucracy by 200,000 jobs through attrition.

The bill also would raise Medicare premiums for the wealthy, and take steps to deny unemployment benefits and food stamps to anyone with a seven-figure income.

Republicans circulated statistics from the Internal Revenue Service reporting that tax filers with $1 million or more in income received a total of $20.8 million in unemployment benefits in 2009, the latest year for which figures are available. Their bill would impose a 100 percent tax on those payments ? an irony for a party that historically has opposed any tax increases.

____

Associated Press writer Donna Cassata contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/democrats/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_go_co/us_congress_payroll_tax

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Saturday, December 3, 2011

Google in talks to take on Amazon in retail: report (Reuters)

(Reuters) ? Google Inc is pondering an Internet service to help consumers shop online and take advantage of same-day delivery, hoping to stanch the loss of Web traffic to Amazon.com Inc, the Wall Street Journal reported on Thursday.

The Internet search leader is in talks with major retailers and shippers, including Macy's, Gap Inc and OfficeMax, to set up the service, the newspaper cited people familiar with the matter as saying.

Google declined to comment and Amazon did not return calls for comment. A Gap spokeswoman declined to comment, while Macy's and OfficeMax were not available for comment.

Google may be casting a wary eye on the popularity of Amazon.com's Prime service -- which offers free two-day shipping for $79 a year in the U.S. -- fearing it will entice away the Web traffic it depends on from its own sites.

About 40 percent of Google's revenue comes from retail sources, according to Scot Wingo, chief executive of e-commerce company ChannelAdvisor.

Amazon Prime has been such a big success in recent years that it has begun to threaten this big chunk of Google's revenue, Wingo explained.

"Once a consumer joins Amazon Prime, their searches for products at Google have to decrease precipitously," Wingo wrote in a blog on Thursday. He owns Google and Amazon shares.

"As a Prime user, I only look for products on Google and other channels if I can't find it on Amazon," Wingo added. "Amazon has created a lock-in and they have the world's best product search engine. That's 40 percent of the Internet that Google really can't afford to lose serious share on."

Google's plan under consideration stops short of selling directly to consumers, the Journal cited a person familiar with the matter as saying.

Google will instead work with retailers' websites, combining an existing product-search feature that directs shoppers to those sites, with a new shipping service that it intends to create and oversee, the Journal reported.

That new feature is designed to determine if a nearby physical store has a desired product in stock. Google could then offer the consumer an option to receive their goods within a day or two, for a fee, the newspaper said.

Google plans a test trial in the San Francisco Bay area for the new initiative, which could also involve United Parcel Service Inc, the Journal added.

Google still dominates when shoppers are searching for products to buy on the Internet. Handling the next steps, such as purchasing and getting items delivered, makes sense, said Eric Best, chief executive of e-commerce firm Mercent.

However, Amazon owns inventory and runs a massive chain of warehouses, so it tightly controls the process of taking orders and delivering goods.

Google would instead rely on third-party logistics companies to handle these fulfillment steps, Best said.

"Ensuring third-party partners perform to high service levels will be the biggest execution risk," Best added. "Consumers will need to have a similar experience to what they already get with Amazon."

(Editing by Phil Berlowitz)

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20111202/wr_nm/us_google

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Court weighs trademark on Maker's Mark wax seal (AP)

LOUISVILLE, Ky. ? The dripping red wax seal atop a Maker's Mark bottle makes the bourbon stand out on shelves. Three federal judges are trying to decide whether the company can keep that distinction.

The U.S. 6th Circuit Court of Appeals in Cincinnati heard arguments Thursday over whether Maker's Mark can keep the trademark on the capper or if other liquor companies can use a similar seal.

Maker's Mark in 2010 won an order awarding it exclusive rights to the seal. Attorneys for London-based Diageo North America and Casa Cuervo of Mexico argued that wax seals have been used for centuries and Maker's Mark wasn't harmed by their use of it on a special bottle of tequila.

Maker's Mark attorneys said the company has a valid trademark on the wax seal.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_re_us/us_wax_seal_battle

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Monday, November 28, 2011

Euro sinks on Italy debt auction

NEW YORK ? The euro fell beneath the $1.33 level on Friday, as debt troubles continued to roil markets with little end in sight to the eurozone crisis.

Amid mounting concerns that the bloc's political leaders cannot produce a solution to the eurozone debt crisis, the European single currency at one stage plunged to $1.3212, its lowest point since October 4.

It reached $1.3240 by 2200 GMT versus $1.3347 the day before.

Dealers said investors appeared to have lost confidence that European leaders can tame the crisis snapping at their heels, with the euro slumping as Italy's debt problems came to the fore.

News that Rome had to pay record and dangerously high rates to raise fresh funds was unnerving when coupled with a French and German warning that if Italy were to collapse, it would take the euro with it.

"As confidence that a solution to this crisis might be forthcoming and that the euro will survive has evaporated, (it is) no surprise that international investors have chosen to ditch the euro in favor of more safe-haven currencies," said Howard Wheeldon, strategist at brokers BGC Capital.

"The reality is that as those charged with leading the eurozone out of this crisis appear to have moved further apart, it seems to me that short of a miracle the euro will just keep heading south."

The debate on what to do next appears to turn now on the European Central Bank's role, but at a meeting Thursday it was clear French President Nicolas Sarkozy and German Chancellor Angela Merkel remained as far apart as ever.

Merkel insists the ECB should focus on its main task -- combating inflation -- while Sarkozy wants it to become a lender of last resort, acting as a backstop in the bond markets to help out struggling eurozone member states.

The dollar fetched 77.72 yen versus 77.12 the day before and 6.3789 yuan versus 6.3659.

The pound weakened to $1.5436 from $1.5496. ? AFP

Source: http://www.gmanetwork.com/news/story/239712/economy/moneyandbanking/euro-sinks-on-italy-debt-auction

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Analysis: Iran adopts "wait and see" policy on Syria's crisis (Reuters)

TEHRAN (Reuters) ? Iran, its crucial anti-Israel alliance with Syrian President Bashar al-Assad at risk from an uprising against his rule, has chosen a "wait and see" policy driven in part by concern not to alienate anyone who might succeed him, analysts say.

A downfall of Assad could deal a strategic blow to Shi'ite Muslim-dominated Iran, where confrontation toward Israel remains one of its overriding foreign policy principle.

Iran has used various regional cards, including fears it could unleash militant proxies like Hezbollah and Hamas against Israeli and U.S. interests, to deter foreign intervention in Syria, making it harder for protesters to overthrow Assad.

But analysts say the Iranian-Syrian axis now faces a serious dilemma: Should Iran stick with Assad -- whose family has ruled Syria for 41 years -- at any cost or should it jettison the Islamic Republic's most important Middle East ally?

"Iran's policy is to wait and see ... We need to be patient as the situation is very unclear and very sensitive in Syria. We hope for the best possible outcome for everyone," said an Iranian government official, speaking on condition of anonymity.

"(But although) Assad helped Iran play a leading role in its fight against the Zionist regime (Israel) ... now it is unwise for Iran to take sides."

Iran will be hard-pressed to find Arab allies to replace Syria so it will be naturally keener to ensure Assad -- whose minority Alawite sect is an offshoot of Shi'ite Islam -- can ultimately vanquish the revolt by majority Sunni Muslims.

"A weak Assad is no longer an effective regional ally for Iran ... But it is better to have a weak ally rather than a Sunni (Muslim) leader in power in Syria," said Iranian analyst Hamid Farahvashi.

WARY OF "BACKING THE WRONG HORSE"

However, Iranian leaders are also worried that siding too emphatically with Assad could undermine their chances of establishing a beneficial relationship with any new Syrian government, analysts say.

"Iranians do not want to back the wrong horse ... It is a very sensitive period and any wrong move could have negative consequences," said Farahvashi.

There are rumors in Tehran suggesting that Iranian officials have met members of the Syrian opposition in an effort to probe the possibility of forming future alliances.

"We do not want to be seen as betrayers of our ally ... but like all other countries, Iran's priority is to preserve the country's interests," said the Iranian official.

The Syrian crisis has added to pressures on Iran's clerical elite, ranging from tightening international sanctions imposed over Iran's disputed nuclear work, high inflation, long queues of jobless and investors keeping a tight hold on their purses.

Betraying frayed nerves about the possibility of government change in Syria, Tehran has called the unrest against Assad an "American-Zionist" conspiracy. Whether Tehran has contingency plans for any overthrow of Assad remains unclear.

"Everything will happen behind the scenes. Iran might get closer to Lebanon's Hezbollah or other Shi'ite militant groups in the region to preserve its influence in the region," said an Asian diplomat in Tehran, speaking on ground rules of anonymity.

The United States says Iran's policy toward the Syrian crisis has included financial and military aid. Iran denies any involvement in matters of the Syrian state.

Iranian officials still hope Assad will outlast the revolt. "Assad can bring millions of his supporters into the streets ... He enjoys support of his nation in big cities as we have seen in pro-government rallies in Syria," the government official said.

Iranian leaders hope international efforts to unseat Assad will ultimately be undone by concerns not to ignite broader sectarian conflict between Sunni and Shi'ite Muslims that could destabilize the wider region.

Saudi Arabia, which shares U.S. fears that Iran is covertly seeking nuclear arms, has long accused Tehran of trying stir up its Shi'ite minority. Analysts say Syria might become the focal point of an Iranian-Saudi battle for regional dominance.

"Syria might become a ground for America and Saudi Arabia to settle scores with Tehran ... Further pressure on Assad might cause sectarian violence in Lebanon, Iraq and many other parts of the region where Iran has influence," said political analyst Mansour Marvi.

IRAN EYES TURKEY IN SYRIAN CRISIS

With Turkey's condemnation of its erstwhile ally Assad over his military crackdown on protesters that has left thousands dead, Iran has become more cautious in its approach to Syria's crisis, condemning his use of violence and calling on his government and the opposition to reach an "understanding."

Turkey and Iran are competing for influence in the new Middle East and each presents a model -- one Islamic, the other secular and democratic -- for Arab revolutionaries.

Iranian leaders view Ankara as a key cog in what they see as a U.S. scheme backed by Gulf Arab states to contain Tehran's ambitions to be the Middle East's dominant power and undermine its Islamic Revolution.

Some diplomats and analysts disagree, however.

"More than having influence, Iran is wisely using regional conflicts, like the Palestinian-Israeli conflict, to its own benefit," said an Asian diplomat in Tehran. "Americans credit Iran for their mistakes in the Middle East."

Iran's hardline rulers were quick to put a positive spin on the Arab Spring uprisings against autocratic rulers, saying it will spell the end of U.S.-backed governments in the region.

While analysts abroad have said the Arab Spring has been largely secular in nature, Iranian Supreme Leader Ayatollah Ali Khamenei has dubbed it the "Islamic Awakening," saying it was inspired by Iran's 1979 Islamic Revolution that replaced the U.S-backed Shah with a Muslim theocracy.

The government's Syria policy has angered President Mahmoud Ahmadinejad's rivals, deepening a political rift within the conservative elite dating to the 2009 presidential election that the opposition says was rigged to secure his return to power.

Some politicians, including legislators, say Iran should side with the Syrian opposition and not "a figure (Assad)."

"Iran could have mediated and controlled the crisis in Syria if Ahmadinejad's government had a better position in the international community," moderate former deputy foreign minister Mohammad Sadr was quoted as saying by some pro-reform Iranian websites.

Iran's reformist opposition has watched with admiration as popular revolutions have toppled several Arab dictators.

But despite divisions within Tehran conservative ruling elite, opposition leaders looks incapable for now of resuming serious street protests quelled by Revolutionary Guards two years ago in the wake of Ahmadinejad's re-election.

(Editing by Mark Heinrich)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111127/wl_nm/us_iran_syria_policy

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